IN ASSOCIATION WITH
Thinking about the overall number of restaurant sites in the UK, how do you expect this to change over the next 12 months?
No overall change 18% Small decrease 4%
Significant decrease 1% Significant increase 19%
Small increase 58% 0 10 20 30 40 50 If you were acquiring a leasehold property, what are the most important considerations? (Select all that apply) Lease contains a break provision 34%
Lease can be easily assigned to another tenant 39% There is certainty on service charges 23%
Basis of rent review (eg open market, linked to turnover or RPI) 56% Duration of lease 68%
The maintenance and repairing obligations 46% Energy efficiency/green considerations 12%
10 20 30 40 50 60 70 80
0 10 20 30 40 50 60 70 80 %
Julian Mant, real estate partner, TLT “Acquiring leasehold property remains the most usual way for operators to take new restaurant space. Increased competition for suitable locations, particularly in London, driven in part by renewed investor appetite for the sector, is pushing up rents. “For the first time in some years, tenant premiums payable on entry are now being asked for in prime locations. This can have the knock-on effect of pushing up rents at review for established restaurants in the locality.”
www.thecaterer.com
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